How do Bitcoin and Ethereum differ in the way they keep track of balances? No worries, your class rep is here:
Ethereum has two types of accounts: externally owned accounts (EOAs), controlled by private keys, and contract accounts, controlled by code.
The Bitcoin balance shown in your wallet is calculated by adding up all the UTXOs that belong to you. There’s no “balance” field on the blockchain.
The first page of my transaction notes says: Understand it before you act.
$BTC 82030.32(+0.54%)
Ethereum has two types of accounts: externally owned accounts (EOAs), controlled by private keys, and contract accounts, controlled by code.
The Bitcoin balance shown in your wallet is calculated by adding up all the UTXOs that belong to you. There’s no “balance” field on the blockchain.
The first page of my transaction notes says: Understand it before you act.
$BTC 82030.32(+0.54%)